Description
Several options trade recommendations per month, self-described as “conservative options for aggressive income.”
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Rating: 3.1/5. From 84 votes.
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3.4
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Every bull market has somebody who claims to make income selling puts. I recall several from the late 90’s, early 2000’s. Eventually, the market takes a big hit in a short time, and these people get eviscerated. Be careful.
Fink is fundamentally a conservative, value oriented, patient investor who has developed a methodology for trading Put Credit Spreads that have a high probability of success, limited downside when things don’t work out, and 20-30% return on risk. His system requires the alignment of multiple factors before he recommends a trade, and then he tracks that trade and advises until the trade is closed or expires. Highly recommended. No BS. Not a huge time commitment either since the service focuses on monthly expirations the third Friday of each month.
Real estate is such a better investment than anything Wall Street has to offer, period!
Do both and diversify.
Real estate is a wonderful way to make money. But it requires patience. I have made several million in the last 20 years. And I am NOT a high flyer. I just buy 1 or2 houses or a 4 plex at the time. Fix and sell ,and reinvest immediately. It is not difficult. I do invest in stocks and ETF’s and make some money but it would really tough to make a living at stocks, much more difficult than real estate. My most profitable stock investment has been the use of TC2000 and the setting of the Heiken Ashi candle and the Keltner Channel and then just plain old buy or sell short a stock. This is almost the technique of Chuck Hughs. To hell with options and the leverage. Big headache.
My husband and I are trying to study all we can to possibly start investing in the stock market but after reading your post it looks like real estate would be much better. We have always wanted to buy a fixer upper and sell but have been to scared to do it.
Joseph, would you contact me with some information that could get us started in buying/selling our first house?
Buy real estate for stable cash flowing income or do a value add project as long as you buy right to make some capital appreciation.
With all the quant trading in the public equities market, it is difficult to get reliable income from options. You could be making some and then lose it all and more and then lock up capital on rolls waiting for months or years to come, all due to volatility induced by quant trading ir market makers or geo political issues.
It is safer to buy good stock or ETF on their steep dips and then hold for long term gains.
3 services you can look into which I find are honest and possible profitable.
Market Hero
Altos Trading
thesteadytrader.com
Investing Daily is a great site. Jim Fink is on this site. Personal Finance newsletter is a good one for 39/year…yes you have to keep track on their suggestions. They always answer your questions with explanation.
What would you? Swat Options are far better.
I have made a good, steady income trading options spreads, per Jim Fink’s excellent recommendations and tracking.
My experience has been similar to yours. JIM Fink’s trading instructions are written clearly and his rationale for the trades he recommends is compelling. I am very pleased with my subscription to his Options for Income service.
I signed up for Investing Daily /Options for income and basically what I get daily is a video lecture that hints about a stock but is actually a request for signing up for something else. I’m always short one sign-up to get real info.
You are confusing the services. We don’t get videos with Options for Income, only training videos. We get two credit spread recommendations every Thursday morning.
I paid my $37 for Jim Fink’s advisory service and all I got was a subscription to the Personal Finance newsletter. WTF? Nothing to do with options at all.
@ Richard Kurd – I was impressed with your earlier July 6,2017 post so much that I referenced it in response to a comment where the person didn’t pay attention and carefully read to know that there is OBVIOUSLY a difference in Jim Fink’s “Personal Finance” service than his “Option For Income” services. They are 2 completely different offerings…. not the same thing.
Originally I was impressed and used your earlier posting to explain the poster’s lack of attention to details… I now have to steer you back to your original comments that you need to read and comprehend if you want to be knowledgeable. Your original comments had merit, but unless you live by the rule of “do as I say and not as I do” …. then it’s clear that you need to learn to heed your own advice.
Wanna learn how to trade options? Get off your lazy butts and do some real research… Read some books (the even have an Option Trading for Dummies book), join a trading group/club, look for information on the internet – there are tons of free info out there. If they charge you $$, and promise that you’ll make $$, it’s a F@cking SCAM.
After reading all the comments, It seems the sales pitch is too good to be true. I was willing to try it, but wanted to do some research prior. I would like to learn about trading options. I have only
been trading on Scottrade for about a year with mixed results. Looking to learn more without being scammed. Any suggestions would be appreciated.
I was turned on to options from a friend who is successful at it. I’ve been studying selling puts and covered calls, spreads pretty hard for almost two months and have had a paper trade account for two weeks. Anyone new to options should do a lot of self study before joining a service for a fee. At 62 years old it’s imperative for me to avoid losses, I’ve been badly burned buying and selling stocks. Options look to be much safer than buy and hold. I would like some help screening stocks or selling puts but hard to tell if Fink or any of the others are for real. Trying figure out if options are too good to be true, but leaning toward jumping in soon. My first few trades have worked out well.
stock purchases (and options) are based on speculative guesses in which way the particular stock (or option) will go. As with a futures contract; an opinion as to where the stock might land [as with increased or decreased value] a month, three months or more down the road does not necessarily mean it will go that way. Many “professional” opinions on market investment is out there but always keep in mind you will have losing trades by following “professional opinions” Stock options are derivatives with a time decay value–the closer to the option’s expiration date–the faster the value of the option deteriorates.
Clicked a link and watched a 30 min video by Jim Fink describing his successes in his “Options For Income” newsletter. Sounded great, but when you click the link for subscribing it turns out you are actually sighing up to another newsletter Personal Finance that he is one of the authors/contributors to. This is really a form of Bait and Switch tactic, very annoying, especially after his taking up 30 minutes of my time watching him promote something else. This is misleading and deceitful. I would not trust the guy based simply on this unethical sales pitch–whether he is a good option trader or not. He includes a few of his “special reports” — that his Options for Income subscribers have access to—- in this offer for Personal Finance, but that doesn’t justify this deliberate deception. Only proves what they say about attorneys and used car salesman………simply can’t trust ’em (I was an option trader for about 6 years and and at one time subscribed to Personal Finance which was basically ok for the $39 bucks).
The Market is really high and will come down at anytime
Anyone selling puts is insane..
hello this service still available?
Yes, Options for Income is still available. If you’d like to learn more or have questions I can be reached at dmyers@investingdaily.com.
I have been a subscriber to Jim Fink’s options for income for nearly one year. I have an 85% win rate. You have to be careful which one of his recommendations you choose. He usually offers two and I take what I feel is the best one. Some of his option deals can be done over and over again like Apple, Blackrock etc. His choices are conservative. Options for income is much better than Velocity Trader. It would be difficult to earn $75,000 but $25 – 50,000 is definitely achievable. If the avg. expiration is 60 days and you invest $2,000 in each option you would need an investment of $16 – $20,000 to earn $25-50,000. The fee is moderate as well. I am a big fan and I can’t wait until Thursday to get his e-mail
I am a former Jim Fink subscriber/trader and agree that OFI was better than Velocity Trader. And OFI makes money when the mkt trend is upward. And don’t overtrade your account size, esp. if you play Jim’s rollovers, and get low commissions since they add up on rolled positions and take a large percentage bite fn some other skinny “track record winners”.
Do the math on the track record and your own results, I sucked it into Excel and sorted and crunched it and graphed it so I knew what I was up against. Not a bad service, not a bad guy, not for everybody though and will be rugged in down markets.
#Welcome to the #Gr8Gummunity #Tommy2Shoes! Best2YouAlwayz! 🙂
I must say, I get very annoyed when people just make assumtions with no basis in fact. How do you know what anyone who has a great deal of money will do or not do. There are many long term traders out there that worked in a fast paced, exciting, eventful, challenging field. Successful traders often develop their own pattern recognitions that are not know or taught anywhere or by anyone else, not to mention spending your life in a particular field you are passionate about. Why shouldn’t you pass on all you’ve learned. That’s like telling an author not to write a book. Could you imagine no “To Kill A Mockingbird”?Traders are highly competitive. They need to keep secrets about what they’ve discovered. But whether you are on Wall Street or any other street, you want to contribute to your industry and like that scientist who makes a breakthrough discovery, you want to share it with others. Not to mention how much do you suppose someone has invested in their life’s work. Im sure the nay sayer’s dont have the drive or discipline or in some cases smart’s to achieve their own goals or passions. The way of the world today is to see something for 5 minutes and make a judgement call, but are not really willing to do any research to find out for themselves if this person is on the level or what or who else is out there and how does the info compare. I have found in this field particularly, there are many people who either give away their knowledge or charge a nominal fee. They get excited when they can pass on info especially to bright talent. In our world today, if there is anything you choose to learn, there are so many ways to do it. Invest the time and the reward is so much greater and not just monetarily.
I started with OFI 6 months ago, but have cancelled my subscription. As others mentioned, when I posted a question to his members site inquiring about what percentage of rolled trades turn into winners as opposed to adding to a losing position, I was shocked to see that the comment was deleted by the moderator right away. Also, this is not a service for beginners, it is very technical with advanced strategies that can be very confusing. Now with the market coming down, I have to handle spreads which I am down on without knowing Jim’s advice how to try and salvage them.
Are you are having issues accessing your investment with your broker ? Is your broker demanding for more funds before you can withdraw ? OR has your broker account been manipulated in any form ? You suspect shadiness from your broker and wish to get a full refund of all your investment ? I recently recovered funds from a scam brokers, Titan Trade and Big Option. They intentionally make you loose trades so you deposit more money. I had to hire a professional to get my money back. Lesson learnt, happy to share my experience.
It is a scam. They took $1995 from me
Why would you post something that is simply untrue? It’s people like you who ruin the opportunity for others. I bet you work for CNN, nothing but fake news!
Mike, what’s a scam? I can ensure you that Options for Income is a legitimate publication. I’d be more than happy to verify your account and/or help with any issues you’re having. I can be reached at dmyers@investingdaily.com.